The relationship between Turkey and Israel has been mostly fueled by economic cooperation. With Israel being one of the most technologically advanced countries in the world and Turkey having the second largest economy in the Middle East after Saudi Arabia, these two countries have some of the most advanced economies in the region. Turkey is Israel's tenth largest economic partner, while Israel is Turkey's eighth largest trading partner, indicating a significant trade connection between the two countries. Israel has also made significant financial contributions to the Turkish economy, especially in the areas of construction and real estate.
Military cooperation has been an important element in the Türkiye-Israel relationship. Turkey and Israel began working together on military issues in the 1990s, with Israel providing Turkey with the latest military technology and Turkey granting Israel access to its airspace to conduct military exercises. Their cooperation was motivated by shared concern about Iran's growing influence and the danger posed by extremist Islamist organizations such as Hamas and Hezbollah. But due to the deterioration of relations between the two countries, this cooperation has declined recently.